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COMMERCIAL LAW
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Obligation to Create and Register a Website, and the Procure-
ment of Support Services
According to Article 5 of the Regulation, companies that are
established after the entry into force of this Regulation, which is 1 July
2013, shall have a website and must reserve a certain part of this website
for necessary announcements, as set forth by the law, within three months
of registering their establishment with the trade registry. Companies that
were already established before 1 July 2013, as expressed in Provisional
Article 1, must set up a website and allocate a certain section of this web
site to necessary announcements, as set forth by the law, within 3 months
after the entry into force of this Regulation (by 1 October 2013 at the
latest).
Companiesmay fulfill their website obligations directly by themselves
or through the procurement of support services from the Central Data
Base Service Provider (“MTHS”).
Content of the Website
Article 6 of the Regulation determines the content that shall be
published on the website. According to this provision, there are two
groups of content, which shall be permanently published and for a
6-month period. A longer period may be determined by the laws or other
administrative regulations. Please find below examples of some subjects
that must be published on a company website (not exhaustive):
1- Content That Shall be Permanently Published on the Website
According to Article 6/1 of the Regulation, the following information
must be present on the company website;
– the Company’s Central Registry Recording System’s (“MERSIS”)
number, commercial name, head office, subscribed capital, paid
capital; names and surnames of the president and members of the
board of directors of the joint stock companies, of the directors of
the limited partnership;
– the explanation regarding the registration of the representative
of the legal entity serving as a board of directors member, the